Friday, March 8, 2013

Ontario Lottery and Gaming Corp. pleased with interest in Ottawa ...

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The Ontario Lottery and Gaming Corp. won?t say how many groups applied to pre-qualify for the Ottawa-area casino tender.

The agency, however, says it?s pleased with the level of interest.

Thursday brought the deadline for the request for pre-qualification in the contract competition.

The OLG will now sift through the submissions and decide which groups can compete for the tender in a request for proposal process.

The agency says it can?t disclose the number of submissions because it?s commercially sensitive information.

Between three and five bidders are expected to be invited for the contract competition. The OLG believes it will have an operator chosen by the end of the year.

The call for pre-qualified bidders went out last November.

The OLG and City Hall must both support the location where a developer wants to build a new casino.

If a winning operator emerges from the process, it stands to make $30 million minimum each year to run a casino with up to 600 seats and 2,000 slots.

A formula established by the OLG also allows the operator to collect money above a revenue threshold and collect money from VIP players from outside Canada. Non-gaming revenues go right into the operator?s pocket.

The OLG is giving applicants the choice of running a new casino at the Rideau Carleton Raceway ? where the agency already has slots ? or move the operation somewhere else in the zone, which covers most of Ottawa and Rockland.

jon.willing@sunmedia.ca

Twitter: @JonathanWilling

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Source: http://www.ottawasun.com/2013/03/07/ontario-lottery-and-gaming-corp-pleased-with-interest-in-ottawa-casino

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